Nanoco Share Discussion Threads

[terrorwit] 04/6/2024 19:14

I've read the whole document.



Most importantly it isn't a judgement on a full trial but on LOAM's application to have the case stopped early.

It's the judge's findings on the Defendant's (LOAM's) application to strike out parts of Hammoodi's claim it says aren't properly pleaded and for summary judgement on the other parts they say don't stand a reasonable chance of success.

This is all a normal part of many legal actions that parties use to try and save time and money fighting pointless cases.

The Judge has allowed some of LOAM's application and struck out some of Hamoodi's claims but he's allowed others to go forwards to a full hearing because he says they can't be properly examined without cross-examination of witnesses in court. None of this is unusual and nothing can be inferred from it now since few cases get resolved by summary judgement. All the reasons why are explained at length in the document.

It seems that the case all depends on Hamoodi's claims that he bought shares from LOAM in July 2022 when Turcan had inside information without any real evidence he did or that if he did it was material or that if he did it should have been obvious (to Hamoodi) since Turcan had been a director. Hamoodi's case seems to rely on hearsay from people whose names he doesn't want to disclose.

Hammoodi has been allowed to amend the parts of his claim that are still in play. This is also normal and nothing can be inferred from it.

Paragraph 70 is interesting, It claims that the third party (ie Nanoco) had public confidence in the Samsung case whilst holding private doubts based on their legal advice. (This is what anyone with litigation experience would expect.)

--------

On

"CONCLUSION

I invite the parties to agree an order consequent upon this judgment. I leave it in the first instance to them to consider whether a new version of the Amended Particulars of Claim should be produced before the order consequent upon this judgment is finalised."

This is just asking the parties to agree the words of the order the court will issue to save the judge having to do so and suggesting that they might want to settle before wasting any more time and money. This is normal too.

--------

I don't think the judge thinks it's going to get far but he has to follow process and let it run its course in accordance with legal precedents.

[gnawe] 04/6/2024 18:16

CONCLUSION

It follows from my conclusions above that the Claimant's claims for unlawful means conspiracy and in negligence are struck out but the claims under the Misrepresentation Act 1967 and in fraud stand. The application for summary judgment is refused. In so far as the draft Amended Particulars of Claim go to the causes of action that survive this application, I grant permission to amend.

I invite the parties to agree an order consequent upon this judgment. I leave it in the first instance to them to consider whether a new version of the Amended Particulars of Claim should be produced before the order consequent upon this judgment is finalised.
I need someone to translate into English please.

[beeezzz] 04/6/2024 17:30

Was that an out of court settlement

[paul planet earth1] 04/6/2024 17:18

He won large settlement payment.

[beeezzz] 04/6/2024 15:40

If its anything like the Trumps case, he can kiss goodbye any judgement in his favour..

[gnawe] 04/6/2024 13:26

So what was the judgement today 🤔

[coiin stein] 04/6/2024 13:09

𝐈𝐧 𝐛𝐫𝐢𝐞9839; ..
𝐇𝐚𝐦𝐨9848;𝐝Ү42; 𝐢𝐬 𝐬𝐮𝐢𝐧9840; 𝐒𝐰𝐢𝐬9852; 𝐛𝐚𝐧𝐤 𝐋𝐨𝐦𝐛9834;𝐫Ү37; 𝐎𝐝𝐢𝐞9851; 𝐟𝐨𝐫 𝐝𝐚𝐦𝐚9840;𝐞Ү52;, 𝐜𝐥𝐚𝐢9846;𝐢Ү47;𝐠 𝐭𝐡𝐚𝐭 𝐢𝐧𝐯𝐞9852;𝐭Ү46;𝐞𝐧;𝐭 𝐦𝐚𝐧𝐚9840;𝐞Ү51;𝐬 𝐮𝐬𝐞𝐝 𝐢𝐧𝐬𝐢9837;𝐞 𝐢𝐧𝐟𝐨9851;𝐦Ү34;𝐭𝐢;𝐨𝐧 𝐚𝐛𝐨𝐮9853; 𝐭𝐡𝐞 𝐦𝐞𝐫𝐢9853;𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩9834;𝐧Ү58;’𝐬 𝐔.𝐒. 𝐥𝐞𝐠𝐚9845; 𝐝𝐢𝐬𝐩9854;𝐭Ү38; 𝐰𝐢𝐭𝐡 𝐒𝐚𝐦𝐬9854;𝐧Ү40;, 𝐭𝐨 𝐩𝐞𝐫𝐬9854;𝐚Ү37;𝐞 𝐡𝐢𝐦 𝐭𝐨 𝐚𝐜𝐪𝐮9842;𝐫Ү38; 𝐬𝐡𝐚𝐫9838;𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐛𝐮𝐬𝐢9847;𝐞Ү52;𝐬.

𝐈’9846; 𝐬𝐮𝐫𝐞 𝐰𝐞 𝐚𝐥𝐥 𝐰𝐢𝐬𝐡 𝐡𝐢𝐦 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭 𝐨𝐟 𝐥𝐮𝐜𝐤 𝐰𝐢𝐭𝐡 𝐭𝐡𝐚𝐭.

[chilom] 04/6/2024 11:32

That will be interesting,wouldn't mind being a fly on that particular wall!

[terrorwit] 04/6/2024 08:46

Judge Time Venue Type Case number Case name
His Honour Judge Pearce sitting as a Judge of the High Court 10am Remotely via MS Teams Judgment LM-2023-000203 Hamoodi v. Lombard Odier Asset Management (Europe) Limited



Section 13.3

Scheduled for 10am today.

[terrorwit] 02/6/2024 14:36

Tell me Paul Planet Earth 1, since you have so many most excellent names, what's the knack of choosing a good one?

[paul planet earth1] 30/5/2024 21:42

With a name like TerrorWit a five year old dreamt up you've got a nerve!

[terrorwit] 30/5/2024 16:31

... indeed, it would be impossible for you to write anything remotely intelligent

[terrorwit] 30/5/2024 16:09

That's exactly the low standard of comment I expect from you

[yasx] 30/5/2024 16:00

"...go away and come back in a few years"

I think that is the best suggestion you have provided - for yourself.

Hope that helps.

[yasx] 29/5/2024 13:37

Nothing new or of significance on this thread - merely TW seeking therapy and others responding to him.

Meanwhile nothing from the Co. to indicate any significant contract or suggestion of potential revenue streams.

Shares continue to drift.

That sums up contributions over the past couple of months in case any reader was intending to read the same.

[barkbooo] 29/5/2024 13:28

TerrorWit - When you think everyone is an idiot. You are normally the idiot.

Hard to believe - but trust me.. you’ve nailed it!

[bones699] 29/5/2024 12:41

Lol of course not..clown!

[terrorwit] 29/5/2024 11:42

I'm not the one who's got time to write long posts under multiple logins on both boards. You are.

[paul planet earth1] 29/5/2024 11:36

Now now NigWit calm down!

Maybe you should revert back to your psydenym 'NGR1616' or one of the other available sock puppets that are gathering dust and lie moth eaten in the bottom sock draw....lol...ԅ13;😆😅;🤣😂🫠😉
28519;

At this rate that post will clock up more upticks than you entire life history on the LSE BB under multiple psydenyms!

[chilom] 29/5/2024 10:21

One like you. Take your meds and pipe down.

[terrorwit] 29/5/2024 10:00

Clowns!

Obviously since no-one has inside information and since it would be a criminal offence to use it anyway, there isn't anything useful for anyone to post. There never has been and there never will be.

All anyone can add comes from their relevant business experience and it's obvious that none of you have any of that.

So you'll just have to get patient for a change and wait for news from the company and its new, highly-experienced directors.